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Specialty Foot buys hiking socks for $6 a pair and sells them for $10. Monthly fixed costs are $10.000 (for sales volumes between 0
Specialty Foot buys hiking socks for $6 a pair and sells them for $10. Monthly fixed costs are $10.000 (for sales volumes between 0 and 8,000 pairs), Kresulting in a breakeven point of 2,500 units. Assume that Specialty Foot has been selling 10,000 pairs of socks per month Requirement 1. What is Specialty Foot's current margin of safety in units, in sales dollars, and as a percentage? Explain the results Begin by identifying the margin of safety in units, then in sales dollars and finally as a percentage The margin of safety in units is 7500
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